STOCK SURGE

SMACKDOWN NEWS ALERT!

1. MRF Invests Heavily in Electric Vehicle Tires, But Market is Uncertain:
MRF is making a big bet on the electric vehicle (EV) market by investing heavily in developing EV-specific tires.
However, the EV market is still in its early stages, and it is unclear how quickly it will grow.

2. ITC Share Price Soars on Positive Earnings Report, But Analyst Opinions Diverge:
ITC's latest earnings report exceeded expectations, leading to a surge in stock price. However, analyst opinions are
divided. Some believe the strong performance is sustainable, while others worry it might be a one-time event. This
mixed sentiment makes it difficult to predict the stock's future trajectory.

3. RBI Raises Interest Rates to Combat Inflation, Impact on HDFC's Loan Portfolio Unclear:
The Reserve Bank of India (RBI) has raised interest rates. to control inflation. This can be positive for HDFC's net
interest margin (NIM) on loans. However, rising interest rates could also lead to an increase in bad loans as borrowers
struggle to repay. The net effect on HDFC's profitability remains unclear.

4. ONGC Discovers New Oil Field, But Production Timeline and Costs Remain Unclear:
ONGC has announced the discovery of a new oil field, which is positive news. However, the company has not yet
disclosed details regarding the timeline for bringing the field into production or the associated costs of development.
This lack of clarity makes it difficult to assess the potential impact on ONGC's future revenue and profitability.

5. Apollo Hospitals management thinking of quicker process of delivering of the medicines like food delivery
apps in 30 days rather than delivering on the next day. Please read the news carefully.